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2019 SESSION
HB 2500 Electric utilities; mandatory renewable energy portfolio standard.
Introduced by: Richard C. "Rip" Sullivan, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Electric utilities; mandatory renewable energy portfolio standard. Replaces the existing voluntary renewable energy portfolio standard program with a mandatory renewable portfolio standard program that requires each investor-owned electric utility to generate or purchase, from facilities in the Commonwealth, increasing percentages of electric power that is generated from qualifying renewable sources. The required percentages start at a minimum of 20 percent of the total electric energy sold in 2020. The required percentages increase in steps until 2027; in that year and thereafter, at least 80 percent of the total electric energy sold is required to be generated from qualifying renewable sources. A utility that fails to comply with an RPS standard established for a year is required to pay a compliance fee of 10 cents for each kilowatt-hour by which it failed to meet the standard.
FULL TEXT
HISTORY
- 01/09/19 House: Prefiled and ordered printed; offered 01/09/19 19100534D
- 01/09/19 House: Referred to Committee on Commerce and Labor
- 01/15/19 House: Assigned C & L sub: Subcommittee #3
- 01/24/19 House: Subcommittee failed to recommend reporting (1-Y 7-N)
- 02/05/19 House: Left in Commerce and Labor